Mayor reveals plan to keep Kings in Sacramento

Sacramento is hoping to revitalize the city with an arena at the Downtown Plaza shopping mall owned by JMA Ventures, whose officers have said they are eager to participate. To show local support for the Kings, Johnson also lined up 20 local investors who each committed $1 million. They hope to buy the 7 percent share of the team now under control of a federal bankruptcy court.

One of those investors is former Sacramento Kings standout Mitch Richmond, who was a 2013 Basketball Hall of Fame finalist.

"He will undoubtedly bring credibility to our efforts," Johnson said.

The mayor also said that Sacramento businesses have committed $50 million in sponsorships and season-ticket sales for the Kings over the next five years, which he hopes will be enough to convince NBA owners.

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AP Sports Writer Antonio Gonzalez contributed to this report from San Francisco.